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Emission Control Catalyst Market - Forecasts from 2024 to 2029

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    Report

  • 143 Pages
  • February 2024
  • Region: Global
  • Knowledge Sourcing Intelligence LLP
  • ID: 5576401
The emission control catalyst market is evaluated at US$35.801 billion for the year 2022 and is projected to grow at a CAGR of 8.89% to reach a market size of US$64.982 billion by the year 2029.

Catalysts for emission control are vital parts of automobiles and industrial operations that minimize the amount of dangerous pollutants emitted into the atmosphere. Through their ability to change toxic emissions into less harmful compounds before their release into the environment, these catalysts are essential in the mitigation of air pollution.

Catalytic converters used in automobiles' exhaust systems are usually linked with emission control catalysts. Precious metals like rhodium, palladium, and platinum are found in the catalysts, which help to catalyze chemical processes that change poisonous gases into less dangerous forms. For example, they assist in the conversion of unburned hydrocarbons into carbon dioxide and water vapor, carbon monoxide (CO) into carbon dioxide (CO2), and nitrogen oxides (NOx) into nitrogen (N2) and oxygen (O2).

MARKET TRENDS:

The emission control catalysts market has been steadily expanding in recent years. The need for emission control catalysts has increased as a result of growing awareness of the damaging effects that air pollution has on both the environment and human health. The market has expanded as a result of government laws in numerous nations that require the use of emission control devices.

Emission control catalyst demand is mostly driven by the automotive sector, which is seeing growth in global sales of cars and light-duty vehicles. In the industrial sector, where emission control catalysts are utilized in power plants and other industrial processes, the market is growing.

MARKET DRIVERS:

Strict fuel economy regulations are anticipated to drive the market’s growth.

Strict standard emission and fuel economy regulations have been imposed by several governments worldwide on fueled passenger cars. The industry for emission control catalysts is predicted to grow as a result of these standard regulations, which have forced automakers to use more of them in their vehicles to lower their carbon footprints, reduce air pollution, and maintain performance and safety.

Fuel consumption standards for light-duty cars are set by emission regulations such as the Greenhouse Gas Emission Standards and Corporate Average Fuel Economy (CAFÉ). Government regulations have ensured that car manufacturers may have to produce cars that adhere to these standards and reduce the number of dangerous pollutants entering the environment.

Increased demand by manufacturers to reduce vehicle emissions might impact emission control catalyst market growth.

ECCs are utilized in a large number of automobiles and industrial processing units to reduce emissions from internal combustion engines and industrial activities. Advances in vehicle engine technologies and catalytic converters, such as SCR systems, two-way catalytic converters, and three-way catalytic converters, are addressing the problem of emissions. A car's engine can eliminate the percentage of the hydrocarbons, carbon monoxide, and nitrogen oxides it produces with a catalytic converter.

Furthermore, manufacturers are developing new and sophisticated systems that use a lot fewer PGMs and enhance the overall performance of the catalytic converters to meet the necessary emission requirements.

Increased use of platinum as a metal is anticipated to boost the market growth.

The demand for platinum, a crucial component of catalysts used to control emissions, has been rising steadily in recent years. To lower vehicle emissions, platinum-based catalysts are frequently employed in the automotive sector's catalytic converters. Owing to its high activity and stability at high temperatures, platinum is favored over other metals and is a perfect catalyst for transforming toxic emissions into less toxic ones.

The growing global demand for cars and light-duty vehicles has led to a notable increase in the platinum segment. The demand for platinum-based catalysts is primarily driven by the automotive sector, and in the upcoming years, it is anticipated that this sector's growth will continue to drive platinum demand.

In terms of application, stationary emission is expected to grow significantly.

The stationary emission segment is anticipated to grow significantly in the upcoming years in terms of applications. Applications in power plants, industrial boilers, and other stationary sources of emissions are included in the stationary emission segment. Moreover, owing to the implementation of stringent emission regulations by governments worldwide and growing awareness of the detrimental effects of air pollution, this segment has seen significant growth in recent years.

The need to lower emissions of nitrogen oxides, carbon monoxide, and other pollutants from stationary sources is what drives the market for stationary emission control catalysts, because of the growing energy demand and the industrial sector's expansion, the stationary emission segment is predicted to continue growing during the forecast period.

Increasing demand for diesel oxidation catalysts is predicted to upsurge the market.

Diesel oxidation catalysts, or DOCs, are primarily utilized in compression-ignition engines, like diesel engines. This device converts hydrocarbons to water and carbon dioxide, and carbon monoxide to carbon dioxide using oxygen found in the exhaust gas stream. These converters are also known to operate at 90% efficiency, eliminating the smell of diesel and lowering observable particulates.

During the forecast period, there will be a rise in demand for diesel oxidation catalysts (DOC), as they aid in the breakdown of solid particulates in engine exhaust systems of industrial machinery and vehicles, thereby reducing the number of harmful pollutants released into the environment.

Asia Pacific is anticipated to be the major regional market.

The emission control catalysts market is expected to grow significantly in the Asia-Pacific region because of the high demand for emission control technologies in this area. Emissions from a variety of sources, including power plants, transportation, and industrial processes, have increased as a result of the region's rapid industrialization and urbanization.

As a result, there has been more emphasis on lowering emissions to enhance air quality and lessen the impact on the environment. This has raised the levels of air pollution. The demand for emission control catalysts has increased as a result of the region's governments enacting stringent emission regulations and encouraging the adoption of emission control technologies.

Key Developments:

  • In June 2023, the SCARFTM technology from Johnson Matthey was launched. The technology enhanced the ability of light-duty diesel vehicles to reduce emissions of nitrogen oxides (NOx) and particulate matter. Johnson Matthey's SCARF technology may be positioned closer to the engine of the car because of its compact design, which allows it to benefit from the higher temperatures and raise the working temperature of the catalysts that regulate emissions.
  • In June 2021, to fulfill the increasing demand for emission control catalysts worldwide, especially in China, Clariant Catalysts has growing and improving its capacity in this region. The firm has just started up at another, improved manufacturing site in Heufeld, Germany, with state-of-the-art production machinery devoted solely to catalysts for pollution control.

Segmentation:

By Metal

  • Palladium
  • Platinum
  • Rhodium
  • Others

By Type

  • Diesel Oxidation Catalyst
  • Selective Catalytic Reduction
  • Lean Nox Trap
  • Three-Way Catalytic Converter
  • Four-Way Catalytic Converter
  • Others

By Application

  • Mobile
  • Stationary Sources
  • Others

By Geography

  • North America
  • USA
  • Canada
  • Mexico
  • South America
  • Brazil
  • Argentina
  • Others 
  • Europe
  • United Kingdom
  • Germany
  • France
  • Spain
  • Others 
  • Middle East and Africa
  • Saudi Arabia
  • UAE
  • Israel
  • Others 
  • Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Taiwan
  • Thailand
  • Indonesia
  • Others

Table of Contents

1. INTRODUCTION
1.1. Market Overview
1.2. Market Definition
1.3. Scope of the Study
1.4. Market Segmentation
1.5. Currency
1.6. Assumptions
1.7. Base, and Forecast Years Timeline
1.8. Key Benefits for the stakeholder
2. RESEARCH METHODOLOGY
2.1. Research Design
2.2. Research Processes
3. EXECUTIVE SUMMARY
3.1. Key Findings
3.2. CXO Perspective
4. MARKET DYNAMICS
4.1. Market Drivers
4.2. Market Restraints
4.3. Porter’s Five Forces Analysis
4.3.1. Bargaining Power of Suppliers
4.3.2. Bargaining Power of Buyers
4.3.3. Threat of New Entrants
4.3.4. Threat of Substitutes
4.3.5. Competitive Rivalry in the Industry
4.4. Industry Value Chain Analysis
4.5. Analyst View
5. EMISSION CONTROL CATALYST MARKET, BY METAL
5.1. Introduction
5.2. Palladium
5.2.1. Market Trends and Opportunities
5.2.2. Growth Prospects
5.2.3. Geographic Lucrativeness
5.3. Platinum
5.3.1. Market Trends and Opportunities
5.3.2. Growth Prospects
5.3.3. Geographic Lucrativeness
5.4. Rhodium
5.4.1. Market Trends and Opportunities
5.4.2. Growth Prospects
5.4.3. Geographic Lucrativeness
5.5. Others
5.5.1. Market Trends and Opportunities
5.5.2. Growth Prospects
5.5.3. Geographic Lucrativeness
6. EMISSION CONTROL CATALYST MARKET, BY TYPE
6.1. Introduction
6.2. Diesel Oxidation Catalyst
6.2.1. Market Trends and Opportunities
6.2.2. Growth Prospects
6.2.3. Geographic Lucrativeness
6.3. Selective Catalytic Reduction
6.3.1. Market Trends and Opportunities
6.3.2. Growth Prospects
6.3.3. Geographic Lucrativeness
6.4. Lean Nox Trap
6.4.1. Market Trends and Opportunities
6.4.2. Growth Prospects
6.4.3. Geographic Lucrativeness
6.5. Three-Way Catalytic Converter
6.5.1. Market Trends and Opportunities
6.5.2. Growth Prospects
6.5.3. Geographic Lucrativeness
6.6. Four-Way Catalytic Converter
6.6.1. Market Trends and Opportunities
6.6.2. Growth Prospects
6.6.3. Geographic Lucrativeness
6.7. Others
6.7.1. Market Trends and Opportunities
6.7.2. Growth Prospects
6.7.3. Geographic Lucrativeness
7. EMISSION CONTROL CATALYST MARKET, BY APPLICATION
7.1. Introduction
7.2. Mobile
7.2.1. Market Trends and Opportunities
7.2.2. Growth Prospects
7.2.3. Geographic Lucrativeness
7.3. Stationary Sources
7.3.1. Market Trends and Opportunities
7.3.2. Growth Prospects
7.3.3. Geographic Lucrativeness
7.4. Others
7.4.1. Market Trends and Opportunities
7.4.2. Growth Prospects
7.4.3. Geographic Lucrativeness
8. EMISSION CONTROL CATALYST MARKET, BY GEOGRAPHY
8.1. Introduction
8.2. North America
8.2.1. By Metal
8.2.2. By Type
8.2.3. By Application
8.2.4. By Country
8.2.4.1. USA
8.2.4.1.1. Market Trends and Opportunities
8.2.4.1.2. Growth Prospects
8.2.4.2. Canada
8.2.4.2.1. Market Trends and Opportunities
8.2.4.2.2. Growth Prospects
8.2.4.3. Mexico
8.2.4.3.1. Market Trends and Opportunities
8.2.4.3.2. Growth Prospects
8.3. South America
8.3.1. By Metal
8.3.2. By Type
8.3.3. By Application
8.3.4. By Country
8.3.4.1. Brazil
8.3.4.1.1. Market Trends and Opportunities
8.3.4.1.2. Growth Prospects
8.3.4.2. Argentina
8.3.4.2.1. Market Trends and Opportunities
8.3.4.2.2. Growth Prospects
8.3.4.3. Others
8.3.4.3.1. Market Trends and Opportunities
8.3.4.3.2. Growth Prospects
8.4. Europe
8.4.1. By Metal
8.4.2. By Type
8.4.3. By Application
8.4.4. By Country
8.4.4.1. United Kingdom
8.4.4.1.1. Market Trends and Opportunities
8.4.4.1.2. Growth Prospects
8.4.4.2. Germany
8.4.4.2.1. Market Trends and Opportunities
8.4.4.2.2. Growth Prospects
8.4.4.3. France
8.4.4.3.1. Market Trends and Opportunities
8.4.4.3.2. Growth Prospects
8.4.4.4. Spain
8.4.4.4.1. Market Trends and Opportunities
8.4.4.4.2. Growth Prospects
8.4.4.5. Others
8.4.4.5.1. Market Trends and Opportunities
8.4.4.5.2. Growth Prospects
8.5. Middle East and Africa
8.5.1. By Metal
8.5.2. By Type
8.5.3. By Application
8.5.4. By Country
8.5.4.1. Saudi Arabia
8.5.4.1.1. Market Trends and Opportunities
8.5.4.1.2. Growth Prospects
8.5.4.2. UAE
8.5.4.2.1. Market Trends and Opportunities
8.5.4.2.2. Growth Prospects
8.5.4.3. Israel
8.5.4.3.1. Market Trends and Opportunities
8.5.4.3.2. Growth Prospects
8.5.4.4. Others
8.5.4.4.1. Market Trends and Opportunities
8.5.4.4.2. Growth Prospects
8.6. Asia Pacific
8.6.1. By Metal
8.6.2. By Type
8.6.3. By Application
8.6.4. By Country
8.6.4.1. China
8.6.4.1.1. Market Trends and Opportunities
8.6.4.1.2. Growth Prospects
8.6.4.2. Japan
8.6.4.2.1. Market Trends and Opportunities
8.6.4.2.2. Growth Prospects
8.6.4.3. India
8.6.4.3.1. Market Trends and Opportunities
8.6.4.3.2. Growth Prospects
8.6.4.4. South Korea
8.6.4.4.1. Market Trends and Opportunities
8.6.4.4.2. Growth Prospects
8.6.4.5. Taiwan
8.6.4.5.1. Market Trends and Opportunities
8.6.4.5.2. Growth Prospects
8.6.4.6. Thailand
8.6.4.6.1. Market Trends and Opportunities
8.6.4.6.2. Growth Prospects
8.6.4.7. Indonesia
8.6.4.7.1. Market Trends and Opportunities
8.6.4.7.2. Growth Prospects
8.6.4.8. Others
8.6.4.8.1. Market Trends and Opportunities
8.6.4.8.2. Growth Prospects
9. COMPETITIVE ENVIRONMENT AND ANALYSIS
9.1. Major Players and Strategy Analysis
9.2. Market Share Analysis
9.3. Mergers, Acquisitions, Agreements, and Collaborations
9.4. Competitive Dashboard
10. COMPANY PROFILES
10.1. BASF SE
10.2. Johnson Matthey
10.3. Umicore
10.4. Corning
10.5. Solvay
10.6. Tenneco Inc.
10.7. Cataler Corporation
10.8. Heraeus
10.9. Topsoe
10.10. Aristo Intelligent Catalyst Technology

Companies Mentioned

  • BASF SE
  • Johnson Matthey
  • Umicore
  • Corning
  • Solvay
  • Tenneco Inc.
  • Cataler Corporation
  • Heraeus
  • Topsoe
  • Aristo Intelligent Catalyst Technology

Methodology

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Table Information